AB SKF (publ) (SKF_A) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Welcome to this call focusing on our performance in Q3 2025. Also, this quarter, we improved our margin in a challenging market, and that was thanks to commercial execution and cost control. And this was definitely evident for our industrial business area. My name is Sofie Arnjus. I'm heading up Investor Relations, and I will also be joined by our CEO and President, Richard Gustafsson, and our CFO, Susanne Larsson. And there will be, of course, opportunities to ask questions before or after their presentations. And there are two ways to do that. And let me just remind you on how to ask a question. So if you have joined via the telephone, you press star and one. If you instead are watching via the webcast, you can already now type in your questions. And it's in the tab that you find above the slides page. With that, let's get started. It's a great pleasure to hand over to you, Richard. Thank you so much, Sofie. And good morning, everyone, to this earnings call. And as you heard from Sofie, yet again, we are able to present a resilient and somewhat improved adjusted operating margin, despite a rather challenging market conditions. And also, as you can see on this chart, after eight consecutive quarters of negative organic growth, we're actually back to organic growth in the quarter. Actually, it's primarily driven by an industrial business where we have seen growth across our geographies, while automotive is still more volatile. This performance was actually slightly better than we anticipated walking into this quarter. However, though, the underlying market conditions have not significantly changed in this quarter versus the second quarter. And to some extent, we are also held by favorable comparison figures compared to Q3 last year. When it comes to ...